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"When
a firm lacks a publicly defined innovation process,
everyone operates based on their own past experience and assumptions. Because these are likely to be
different, task timing, deliverables, and interfaces won't match up," says
Christopher Meyer, the author of Relentless
Growth. |
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In
successful medium and large companies, the
innovation process is documented explicitly via maps
and charts, and implicitly communicated by words and practice. In
young
companies, the innovation process is often a part of the firm's
tacit
knowledge base, and therefore it is invisible. To grow substantially,
though, young firms must eventually make the core element of their
innovation process explicit. |
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